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发帖数: 332 | 1 http://www.zerohedge.com/
BlackRock Issues Refutation Of SLV Fraud Allegations; Is It Time To Panic
For SLV Holders?
Submitted by Tyler Durden on 04/21/2011 17:06 -0400
That over the past few years there has been a substantial push to expose
some of the chicanery at the SLV iShares silver ETF, especially among the
non-indoctrinated blogosphere, is no surprise. After all fear of a massive
paper silver wipe out is not only the reason for success of Eric Sprott's
physical silver ETF, but for the massive and consistently record premium
over NAV of the PSLV. Yet up until now, we were not all that concerned about
such allegations (despite having written about this ourselves on several
occasions). After all, the one thing that would essentially validate such,
at time exorbitant, allegations, was missing: a formal refutation. That is,
until now. Kevin Feldman, a Managing Director in the iShares unit of
BlackRock, has just blasted out the following email which we were lucky
enough to become privy to. Basically, we now have the one and only thing we
were missing: an official denial of all the "rumors." It may now be time to
abandon the SS SLV, because if this letter is the best defense iShares can
muster, then SLV holders may be in trouble. But better confirmation than.
And leaving the content of the letter aside, its existence, and that
Blackstone itself is willing to engage the tinfoil hat clad blogosphere, is
the biggest red flag so far... |
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